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HYPG vs TKNS

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

21Shares Active Crypto ETF

TKNSDNasdaq

Overlap

0.0%by weight

Expense ratio

HYPG −0.76pt a year

HYPG0.29%TKNS1.05%

Avg volume · 30D

HYPG 177.6×the volume

HYPG97.3KTKNS548

HYPG vs TKNS Performance

Jul 31, 2026 – Nov 2, 2026

+59.1%HYPG+23.2%TKNS

Jul 31, 2026 to Nov 2, 2026. HYPG +59.1%. TKNS +23.2%. Use the arrow keys to read each point.0%40%80%Jul 2026Sep 2026Nov 2026
Expense ratio
HYPG 0.29%, better
TKNS 1.05%
Fund size
HYPG $190M
TKNS $0
Holdings
HYPG 1
TKNS 4
Avg volume (30D)
HYPG 97.3K sh, better
TKNS 548 sh
NAV per share
HYPG $29.39
TKNS $26.07
52W range

ETF.net Grade

HYPG: Cost 96, Risk 68, Mission not scored, Tradability 72, Holdings not scored, Durability 61. TKNS: Cost 4, Risk 92, Mission not scored, Tradability 6, Holdings 56, Durability 6.
Pillar letters and Scores for HYPG, TKNS, with each pillar’s weight
PillarHYPGTKNS
Cost30% weightA96HigherF4
Mission25% weightNot scoredNot scored
Risk15% weightB68A92Higher
Tradability15% weightA72HigherF6
Holdings10% weightNot scoredB56
Durability5% weightB61HigherF6

Rank among Crypto Spot funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. HYPG and TKNS are both graded against the same 25 Crypto Spot funds, so their Grades compare head to head.

Crypto Spot⁠

Category · 25 funds
See all 25 ›

HYPG ranks 2nd and TKNS 25th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 81
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 77
  4. Rank 24DTCAN21Shares Canton Network ETFScore 31
  5. Rank 25DTKNS21Shares Active Crypto ETFScore 25

Our read on each fund

ETF.net Research

HYPGAGrayscale Hyperliquid Staking ETF

TKNSD21Shares Active Crypto ETF

In short

HYPG No data

TKNS 21Shares' first actively managed US crypto fund: Bitcoin at the core, a research-picked cast of other tokens around it, and weights that shift between defensive and growth positioning as conditions change.

Stated mandate

HYPG No data

TKNS The Fund seeks total return through active management of a diversified portfolio of crypto assets and crypto asset-related investments. Under normal circumstances, it invests at least 80% of its assets in those investments.

Why people hold it

HYPG No data

  • TKNS Active, not a tracker. 21Shares' team reweights the basket and can tilt defensive or growth, instead of holding one coin in fixed proportion.globenewswire.com
  • One ticket, whole basket: at least 80% of assets in crypto and crypto-related investments, with Bitcoin as the anchor and smaller tokens alongside it.21shares.com
  • Run by a crypto-native shop: 21Shares built a passive US crypto lineup first, and TKNS is the firm's step into active digital asset management.globenewswire.com

Worth knowing

HYPG No data

  • TKNS You pay for the manager: a 1.05% expense ratio, several times the typical fee in its spot-crypto peer group, where trackers like XRPZ and THYP sit far lower.
  • Launched in 2026, so the record is short and the tape is light; spreads can run wider than in the category's household-name funds.21shares.com
  • Exposure can arrive through crypto ETPs, derivatives and a subsidiary, not only coins. The fund's own disclosures list subsidiary, derivatives and counterparty risks.21shares.com

Full HYPG profile⁠

Full TKNS profile⁠

HYPG vs TKNS Holdings

How HYPG and TKNS differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HYPG and 0.0% of TKNS.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for HYPG and TKNS.

Country, concentration and asset class

Country by domicile

No country split for HYPG.

Concentration

Weight in the 10 largest Holdings

  • HYPG100.0%
  • TKNS100.0%

Securities held

  • HYPG1
  • TKNS3

Asset class

HYPG
Alternatives
TKNS
Alternatives

Holdings

  • Only in HYPG1
  • In both0
  • Only in TKNS3

Only in HYPG

1 security, 100% of HYPG by weight

  • Hyperliquid100.00%

Only in TKNS

3 securities, 88.1% of TKNS by weight

  • ARK 21Shares Bitcoin ETF76.08%
  • Us Bank Mmda - Usbgfs 9 09/01/20376.96%
  • 21Shares Bitcoin Core ETP5.02%

Weight gaps

HYPG and TKNS share no securities.

All HYPG holdings⁠All TKNS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HYPG vs TKNS Cost

Overpaying TKNS vs HYPG

$13,543

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HYPG 0.29%

    $5,952

  • TKNS 1.05%

    $19,495

$10,000
30 years

Cost over time

  • HYPG 0.29%
  • TKNS 1.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TKNS $19,495HYPG $5,952

Year by year

YearHYPGTKNSOverpaying
10$527$1,847$1,320
20$2,044$6,927$4,883
30$5,952$19,495$13,543

Expense ratio

  • 0.29%HYPG, cheaper
  • 1.05%TKNS
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

TKNS 24th cheapest of 25 funds

HYPG vs TKNS Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
HYPG No data
TKNS None
Last payment
HYPG $0.04
TKNS No data
Ex-dividend
HYPG Oct 5, 2026
TKNS No data
Paid on
HYPG Oct 6, 2026
TKNS No data
Frequency
HYPG Monthly
TKNS No data

Distribution history

Per share, 2026, same scale for both

HYPGMonthly · 3 paymentsAll HYPG payments⁠
One bar per payment. 3 payments in 2026 YTD. Aug 4, 2026 $0.03; Sep 3, 2026 $0.03; Oct 5, 2026 $0.04. Use the arrow keys to read each point.$0$0.032026YTD
TKNSAll TKNS payments⁠

No distribution history available.

HYPG vs TKNS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HYPG 3.80TKNS 1.56

HYPG and TKNS in the news

All news⁠

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